What's the worst financial decision you have ever made.
I have a few examples of actions you should NEVER take.
1. Borrow from your Retirement plan for immediate consumption eg Burial, Holiday or Naming Ceremony.
This is not just a sin, it's a cardinal sin.
#FinPlanMistakes
I have a few examples of actions you should NEVER take.
1. Borrow from your Retirement plan for immediate consumption eg Burial, Holiday or Naming Ceremony.
This is not just a sin, it's a cardinal sin.
#FinPlanMistakes
2. Using credit card to pay layaway on a non- interest earning asset eg Gold watch.
Value of gold cannot keep up with interest cost of credit card
Value of gold cannot keep up with interest cost of credit card
Taking a market rate mortgage to build a country estate in Village without option to earn rent
Not saving ahead for children's education.
Your child is 5 years old, you know she will be 18, you want her to go to university, why are you not investing today to cash out in 13 years?
#FinPlanMistakes
Your child is 5 years old, you know she will be 18, you want her to go to university, why are you not investing today to cash out in 13 years?
#FinPlanMistakes
Not planning for your retirement because its 20 years away.
Retirement can be in income terms either a Jobless or Gifting stage.
You decide
#FinPlanMistakes
Retirement can be in income terms either a Jobless or Gifting stage.
You decide
#FinPlanMistakes
Not adjusting investment returns for inflation
You cannot avoid inflation....you simply hedge it out
You cannot avoid inflation....you simply hedge it out
Borrowing money to gamble.
Especially zero sum gambling like sports betting where the option bought (ticket) is worthless after the event
Especially zero sum gambling like sports betting where the option bought (ticket) is worthless after the event
